Day 1: What is Money? | Money & Inflation Unit Plan Walkthrough

Join Professor Matt Hill as he walks you through the classroom slides of Day 1: "What is Money" from MRU's free "Money & Inflation Unit Plan". Get the unit plan here: https://mru.io/f8b

"What is Money" learning objectives:
- Define the double coincidence of wants.
- Explain how money facilitates specialization and trade by removing the double coincidence of wants.
- Describe the three functions of money.
- Explain that money (via prices) allows for the value of goods and services to be quantified and compared.
- Demonstrate that money is a piece of technology that simplifies the exchange of goods and services.
- Understand that money has no value in and of itself, it is not wealth.
- Recognize that the true wealth of a nation is the goods and services it can produce as facilitated by innovation and the skills of its people.

Видео Day 1: What is Money? | Money & Inflation Unit Plan Walkthrough канала Marginal Revolution University